{"id":5237,"date":"2022-02-06T13:31:21","date_gmt":"2022-02-06T13:31:21","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=5237"},"modified":"2022-02-08T13:59:57","modified_gmt":"2022-02-08T13:59:57","slug":"dubai-land-department-inks-memorandums-of-understanding-to-enable-smart-real-estate-solutions","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/dubai-land-department-inks-memorandums-of-understanding-to-enable-smart-real-estate-solutions\/","title":{"rendered":"Dubai Land Department inks Memorandums of Understanding to enable smart real estate solutions"},"content":{"rendered":"\n

The Dubai Land Department (DLD) has signed a Memorandum of Understanding (MoU) with three companies that provide smart real estate solutions Property Finder, Bayut, and DXBinteract.com, to meet the high demands for transparency in real estate<\/a> data, procedures, and systems. <\/em><\/p>\n\n\n\n\n\n\n\n

By combining cutting-edge technology, maximum transparency of data and transactions, and customer satisfaction, the new agreement intends to boost Dubai’s virtual transformation process and consolidate the emirate’s position as the top real estate vacation spot in the world.<\/p>\n\n\n\n

With\nthe signing of the MoU, the three organizations will provide more\nprecise information on the Dubai real estate market to enable asset purchasers to\nmake more informed decisions, whether they are planning to buy, sell, or invest\nin a property. Customers, on the other hand, may be able to benefit from\npersonal and interactive statistics on asset prices established by area, the\ndegrees of real estate creation, and any other changing information about the\ncurrent state of the real estate market. The very first similar agreement was\nstruck in 2019, between the DLD and the Property Finder site, resulting in the\ncreation of Mo’asher, Dubai’s first professional income and condo fee index.\nThis index, which is published every month on the websites of each entity, has\nnotably aided Dubai’s ranking in JLL’s Global Real Estate Transparency Index,\nwhich ranks 89 countries and 163 cities globally. In reality, according to the\n2020 study, Dubai was ranked thirty-sixth, up to four spots from the previous\nyear.<\/p>\n\n\n\n

It’s\nalso worth mentioning that the DLD and JLL launched the inaugural Dubai\nCommercial Property Price Index in November during Cityscape Global 2021. CPPI\nenables institutions, businesses, and purchasers to assess the performance of\nthe commercial real estate sector and, as a result, make better investment\ndecisions based on the information gathered.<\/p>\n\n\n\n

As per CORE’s freshly released Dubai Annual Market Update, 2021-2022, Dubai real estate costs are expected to rise to levels last seen in 2014, as demand from both UAE-based and international places assets purchasers grows. In particular, selling fees are likely to grow in high-end rental and villa neighborhoods, while the condo market, which has benefitted renters in the past, will begin to favor landlords in 2022.According to Prathyusha Gurrapu, head of research and consulting at CORE, the key driving elements behind the Dubai real estate market expansion are green pandemic response, LTV reduction, and business resilience, amongst other successful authorities.<\/p>\n\n\n\n

Disclaimer: <\/strong>The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information<\/em>.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"

The Dubai Land Department (DLD) has signed a Memorandum of Understanding (MoU) with three companies that provide smart real estate solutions Property Finder, Bayut, and DXBinteract.com, to meet the high demands for transparency in real estate data, procedures, and systems.<\/p>\n","protected":false},"author":2,"featured_media":5238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[230],"class_list":["post-5237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-dubai","entry"],"acf":[],"yoast_head":"\nDubai Land Department inks Memorandums of Understanding to enable smart real estate solutions - Real Estate Sector Latest News, Updates & Insights - PropertyPistol Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertypistol.com\/blog\/dubai-land-department-inks-memorandums-of-understanding-to-enable-smart-real-estate-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai Land Department inks Memorandums of Understanding to enable smart real estate solutions - 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